Community Living

Finance

RetireAustralia back up for sale by owners Infratil and NZ Super for $1B+

The owner/operator of 29 retirement villages, which is about to open its sector-leading Aged Care Hub at The Verge At Burleigh on the Gold Coast, follows Aveo’s announcement it is selling 16 villages. After Mirvac and Pacific Equity Partners each...

Stockland wins DA approval on its first LLC in WA

The Sydney-based diversified property developer, intent on being the biggest land lease operator for seniors in Australia, has been given development approval for its first Over-55’s community in Western Australia (pictured). The $122.2 million...

Community Living

Exclusive: Aveo to sell off its retirement villages in South Australia and Tasmania

Tony Randello, CEO of the nation’s leading retirement village provider, said the impending sale of its 16 retirement villages in South Australia and Tasmania “aligns with Aveo’s regular strategic review of opportunities across its portfolio”. The...

Exclusive: Retirement by Moran finalises purchase of huge Wesley Taylor Village on Sydney’s Northern Beaches and reveals development vision

Managing Director Sally Taylor said Retirement by Moran can now proceed with plans to redevelop the whole of the 9,234sqm site of The Wesley Mission’s Wesley Taylor Village and Residential Aged Care home adjacent to the beach at Narrabeen. They took...

Acquisitions

Mirvac CEO Campbell Hanan meets Serenitas Managing Director Rob Nichols in Western Australia

Mirvac and Pacific Equity Partners Secure Assets agreement to pay $1.01 billion, for a 95% ownership, with Serenitas CEO Rob Nichols’ Tasman Capital Partners keeping 5%, has been settled. Now Mirvac’s Group CEO and Managing Director, Campbell...

Hitting new heights: New split-level land lease homes at GemLife Gold Coast from $1.2M

The $200 million land lease resort under construction in Pimpama, a northern suburb in the City of Gold Coast, has already taken more than $72 million in sales. Now the Over-50s lifestyle resort developer has launched its most expensive homes: 39...

Legal Issues

Court conciliation sees $40M senior housing development approved on NSW Far South Coast

Much-needed senior housing is going to be built in the town of Merimbula, 240km southeast of Canberra. Matthew Pullinger, Acting Commissioner of the NSW Land and Environment Court, said conciliation talks between Bega Shire Council and the...

Technology

Only in SATURDAY: will telehealth carts be the new norm for retirement villages and aged care?

Sydney-based aged care and retirement living provider Royal Freemasons’ Benevolent Institution (RFBI) has invested $300,000 to support its large footprint in rural and regional areas where many residents struggle to access healthcare quickly. The...

Lauren Broomham

A sign of retirement living demand: AdventCare’s Stage 3 Pavilions Blackburn Lakes in Melbourne sold out as Stage 2 opens

The multi-award-winning Pavilions Blackburn Lake in Nunawading, 18km east of Melbourne’s CBD, is the definition of a perfect retirement community, according to Rob Macpherson, One Fell Swoop’s Retirement Living National Sales Director. “Stage 2...

Surf Coast Shire approves Summerset Villages’ new plans for retirement village days before VCAT hearing

The New Zealand operator’s amended plan for a retirement village of 191 independent living units (a reduction of five independent living units) in the seaside resort of Torquay, 97km southwest of Melbourne’s CBD, has been approved by the council on...

Housing

Anglicare Sydney opens new Over 55s social housing site at Port Kembla

Growthbuilt has built 30 studio apartments as social housing for over 55s for the Not for Profit on the former Steelworks Hotel site in the Wollongong suburb, 94km south of Sydney’s CBD. The $10 million development has been jointly funded by the NSW...

Will “senior living focused” CAP developments take off with land shortages and high construction costs?

Developer WINIM, which has already launched two senior living focused developments in 2024, has another Community Apartment Project up and running. Sydney-based WINIM has appointed Rosebery builder Trescon to construct 18 single-level three-bedroom...